Ciner Resources LPInvestor Presentation

June 2016

Safe Harbor StatementThis presentation may contain “forward-looking statements.” All statements that address operating performance, events or developments that we expect or anticipate will occur in the future are forward-looking statements. Caution should be taken not to place undue reliance on any such forward-looking statements because actual results may differ materially from the results suggested by these statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and present expectations or projections. These risks and uncertainties include, but are not limited to, those described in the Risk Factors section of CINR’s 10-K dated March 11, 2016, and those described from time-to-time in our periodic and other reports filed with the Securities and Exchange Commission.

2

Ciner Resources LP - At A Glance§ Fixed-distribution Master Limited Partnership

– IPO in September 2013

§ One of the largest and lowest cost producers of natural soda ash in the world

– Soda ash, an essential raw material used in the production of glass, chemicals and detergents, is a well structured global industry with steadily growing demand of ~3% annually, or ~ 1.8M tons per year

§ Over 2.6 million short tons annual soda ash production

§ ~475 employees

§ 67+ years of mining reserves

§ 2015 Revenue: $486.4 million

§ 2015 Adjusted EBITDA: $133.9 million

3

§ Most efficient soda ash producer in North America

§ Amongst lowest cost producers in the world

§ Uniquely configured asset footprint

§ Strong safety and environmental records

§ Excellent workforce relationship; non-union

§ Stable end markets and customer relationships

§ Experienced management and operational team

Ciner Resources - Competitive Advantages

4

Headlines2015§ Earnings per unit $2.58 increased 15.7% § Volumes sold and produced both

increased more than 100,000 ST§ Both site records

§ Cash from operations increased from $106M in 2014 to $150M in 2015

§ Working capital initiative§ Completed sale to Ciner by OCI§ Distributable Cash Flow increased from

$53.1M in 2014 to $55.7M in 2015

2016§ Volumes forecast to increase 2% - 4%§ Continue to examine acquisition

opportunities

5

Earnings Per Unit

Distributable Cash Flow$ Millions

Delivering Value to Unitholders§ Long-term stable cash flows support MLP

model– 67+ year reserve life, significant cost

inputs hedged, long-term customers§ Organic growth projects identified that

would allow production volume growth at 2%-4% per year through 2019

§ Strong financial position at less than 1X leverage ratio

§ 1.23X trailing 12 month distribution coverage ratio

§ Compelling investment proposition through yield plus potenitial distribution growth

– ~8% current yield with ~5% distribution growth in last 12 months

6

Quarterly Distribution Per Unit

Quarterly Coverage Ratio

Other Global Natural

6%

U.S. Natural

19%

Solvay45%

Hou25%

OtherSynthetic

5%

Diverse End-Market Uses (Global Soda Ash Consumption by End Market, By volume, 2015)

Significant Consumption Growth Expected (Global Soda Ash Consumption, millions of tons)

Ample Room for per Capita Consumption to Grow(2015, kg / person)

RegionConsumption per Capita

(kg / person)

U.S.A. 16

Middle East 7

Latin America 5

Asia Ex-China 3

Africa 1

Source: IHS and USGS Soda Ash.

Major Producer of Low-Cost Natural Soda Ash(2014 Soda Ash Production)

7

Growing Global Demand

Ciner19.5%

Tronox32.0%Solvay

20.0%

Tata19.5%

Searles9.0%

Demand=61millionshorttons

U.S. Trona Solvay Hou

Process Mining and refining trona

Synthetic production

Synthetic production

Raw Materials Trona

Salt (brine),Limestone, Ammonia

Salt (brine), Ammonia, CarbonDioxide

Energy Usage

4 – 6MMBtu / ton

10 – 14MMBtu / ton

10 – 14MMBtu / ton

By-Products

Deca(able to process into soda ash)

Calcium Chloride

(waste product)

Ammonium Chloride

(co-product)

Relative Soda Ash Production Costs

U.S. Trona(Natural Gas)

EuropeanSolvay

ChinaSolvay

China Hou

1.0x

1.4x 1.3x2.0x

1/2~3/4costofcompetingprocesses1

Source: IHS and Ciner estimates

Trona-based production is one-half to three-quarters the cost of synthetic production

Lowest-Cost Production Process

• As a producer of natural soda ash from trona, Ciner Resources has a significant cost advantage compared to synthetic producers around the world

– Trona-based production consumes less energy and produces fewer undesirable by-products than synthetic production

– Synthetic producers incur additional costs associated with the storage, disposal, or attempted resale of by-products

• Even accounting for higher freight and logistics costs, Ciner Resources is cost competitive with synthetic soda ash producers to most export markets around the world

• Ciner Resources consistently operates at high utilization rates and routinely sells 100% of its production

Trona Based Production is Significantly Cost Advantaged

8

Amongst the Lowest Cost Producers in the World

Production Per Employee(x10 ST, 2014)

458

482

548

591

Peer 1

Peer 3

Peer 2

Ciner has the highest soda ash production per employee and the best energy efficiency in the Green River Basin.

Most Efficient Soda Ash Producer in Green River Basin

9

Green River’s Most Energy Efficient Producer (MMBtu/ton, 2014)

Source:State ofWyomingMiningReport,WyomingDepartmentofEnvironmentalQuality.AnnualReportStateInspectorofMinesofWyoming.BessemerWyomingestimates.

Beds 24 & 25 (closest to surface) are the key for lower manufacturing costs as lower halite impurities and shallow beds are conducive to efficient mining

Schematic Section – Green River Basin

10

Trona Beds Closest to the Surface

Advantageous Facility Layout·Ponds enable Ciner to recover soda ash via deca

rehydration otherwise lost in processing Trona

·Technological innovation enables Ciner to be more cost efficient

Ore to Ash Ratio(1)

1.80

1.74

1.61 1.60

1.561.59

1.52 1.52

2008 2009 2010 2011 2012 2013 2014 2015

(1) Amount of short tons of Trona ore required to produce one short ton of soda ash/liquor

Wider pond surface area and a unique pond network facilitate the minimization of soda ash lost in processing Trona

11

Unique Pond Network Lowers Ore to Ash Ratio

Pursue Accretive Acquisitions·Natural Resources / Industrial Minerals

·Logistics Assets

·Assets currently existing or to be developed at CinerEnterprises

Capitalize on Organic Expansion Opportunities·Emerging Market Growth

·Debottlenecking, deca and efficiency enhancements driving approximately 2-4% annual production volume growth

Ciner has the balance sheet flexibility to capitalize on organic expansion & acquisition opportunities to drive growth

12

·Approximately ~$97 million in current available revolver capacity

·Conservative leverage profile with <1.0x Net Debt / EBITDA

·Well-capitalized sponsor to support growth with deep operational and industry expertise

Balance Sheet Flexibility to Support Growth Ciner Resources Leverage and Liquidity

Note:AdjustedEBITDAisanon-GAAPmeasure.Foradescription ofAdjustedEBITDAandareconciliation tothemostcomparable measurescalculated inaccordance toGAAP,seetheAppendixtothispresentation.

Ability to Execute on Growth Opportunities

($inmillions)CinerResourcesLP 3/31/2016Cash&CashEquivalents $22.9RevolvingCreditFacilityCapacity-CINR 10.0RevolvingCreditFacilityCapacity-CinerWyoming 190.0Less:RevolverBorrowings (103.5)AvailableLiquidity $119.4

TotalRevolverBorrowings $103.5TermLoan –TotalDebt $103.5NetDebt 80.6

TotalDebt/FY2015EBITDA 0.8xTotalNetDebt/FY2015EBITDA 0.6x

Soda Ash Volume Sold (millions of ST)

Ciner Wyoming EBITDA($ in millions)

2.32.5 2.5 2.55 2.66

2011 2012 2013 2014 2015

13

Stable Operating and Financial Results

126.0 142.4 104.4 120.5 133.9

2011 2012 2013 2014 2015

Market Trends

Asia pricing affected by environmental shutdown§ Largest producer in China had a complete shutdown in Q1, which

tightened the Asian market. As a result, we saw spot prices rise $20 -$30/ MT. Plant should be back to full production sometime this summer.

Other international markets §South America demand weak, offset by strong demand in Mexico§Europe supply is tight in 2016

Domestic market share growth§Continued share growth strategy should see domestic volume rise by

4 – 6 %

Confidential 14

§ Compelling investment proposition provided through yield plus distribution growth

§ Stable cash generation

§ Organic and acquisition growth opportunities supporting annual distribution growth

§ Conservative coverage ratio

§ Lowest cost soda ash production

§ Significant mining reserve life

§ Operational advantages

§ Strong safety record and environmental responsibility

§ Stable customer relationships

§ Proven management and operational team

15

Ciner Resources - Investment Highlights

APPENDIX

Confidential 16

Min

ing

Proc

ess

Flow

Ref

inin

g Pr

oces

s Fl

ow

Continuous Mining Haulage Crushing HoistingSurge Storage

Deca Rehydration

Screening & Crushing Calcining Dissolving Filtering

Ciner’s Unique Process

Shipping Storage Drying Evaporation

17

Process Overview

Ciner Organizational Structure

CinerResourcePartnersLLC2%GPInterest

&IDRs

Public~25%LPInterest

CinerResourcesCorporation

(100.0%Ownership)

CinerWyomingHoldingCo.~73%LPInterest

CinerWyomingLLC

NaturalResourcePartnersL.P.(100%Ownership)

0.399millionunits

5.10millioncommonunits

4.776millioncommonunits9.776millionsubordinatedunits

CinerResourcesLP

(51%MemberInterest)

NRPTronaLLC(49%MemberInterest)

18

Ciner Enterprises(100.0%Ownership)

About Ciner Group• Established in 1978, Ciner Group is primarily active in energy, mining,

shipping and media and is one of the largest conglomerates in Turkey

• Coal & Copper Mining

• Soda Ash and Sodium Bicarbonate Production (Eti Soda)

• Glass manufacturing

• Electricity Generation

• Newspapers & Printing

• Movie & TV Production

• TV & Radio Broadcasting

• Online media

Energy, Mining and Glass

Media Shipping

• Owns a fleet of 26 Bulkers, Containers, and Tankers which are managed by time charters

19

Ciner Resources LP

Quarter Ended 3/31/16 Quarter Ended 3/31/15

Net Income $21.1 $26.5

Add:

Depreciation, depletion and amortization 6.2 5.6

Interest expense (net) 0.9 0.9

Loss on Disposal of Assets (net) - -

Adjusted EBITDA 28.2 33.0

Less: Adjusted EBITDA attributable to non-controlling interest 14.3 16.7

Adjusted EBITDA Attributable to Ciner Resources LP $13.9 $16.3

We define Adjusted EBITDA as net income (loss) plus net interest expense, income tax, depreciation and amortization and certain other expenses that are non-cash charges or that we consider not to be indicative of ongoing operations. Adjusted EBITDA is a non-GAAP supplemental financial liquidity and performance measure that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:• our operating performance as compared to other publicly traded partnerships in our industry, without regard to historical cost basis or financing methods;• the ability of our assets to generate sufficient cash flow to make distributions to our unitholders;• our ability to incur and service debt and fund capital expenditures; and• the viability of capital expenditure projects and the returns on investment of various investment opportunities.We believe that the presentation of Adjusted EBITDA in this investor presentation provides useful information to investors in assessing our financial condition and results of operations. The GAAP measures most directly comparable to Adjusted EBITDA are net income and cash flow from operations. Our non-GAAP financial measure of Adjusted EBITDA should not be considered as an alternative to net income or cash flow from operations. Adjusted EBITDA has important limitations as an analytical tool because it excludes some but not all items that affect net income and cash flows from operations. You should not consider Adjusted EBITDA in isolation or as a substitute for analysis of our results as reported under GAAP. Because Adjusted EBITDA may be defined differently by other companies, including those in our industry, our definition of Adjusted EBITDA may not be comparable to similarly titled measures of other companies, thereby diminishing its utility.

Non-GAAP Financial Measures

20

Non-GAAP Reconciliation

Ciner Resources LP

Year Ended 12/31/15 Year Ended 12/31/14

Net Income $106.2 $91.9

Add:

Depreciation, depletion and amortization 23.7 22.4

Interest expense (net) 4.0 5.2

Loss on disposal of assets (net) - 1.0

Provision for income taxes - -

Adjusted EBITDA 133.9 120.5

Less: Adjusted EBITDA attributable to non-controlling interest 67.7 60.8

Adjusted EBITDA Attributable to Ciner Resources LP $66.2 $59.7

We define Adjusted EBITDA as net income (loss) plus net interest expense, income tax, depreciation and amortization and certain other expenses that are non-cash charges or that we consider not to be indicative of ongoing operations. Adjusted EBITDA is a non-GAAP supplemental financial liquidity and performance measure that management and external users of our consolidated financial statements, such as industry analysts, investors, lenders and rating agencies, may use to assess:• our operating performance as compared to other publicly traded partnerships in our industry, without regard to historical cost basis or financing methods;• the ability of our assets to generate sufficient cash flow to make distributions to our unitholders;• our ability to incur and service debt and fund capital expenditures; and• the viability of capital expenditure projects and the returns on investment of various investment opportunities.We believe that the presentation of Adjusted EBITDA in this investor presentation provides useful information to investors in assessing our financial condition and results of operations. The GAAP measures most directly comparable to Adjusted EBITDA are net income and cash flow from operations. Our non-GAAP financial measure of Adjusted EBITDA should not be considered as an alternative to net income or cash flow from operations. Adjusted EBITDA has important limitations as an analytical tool because it excludes some but not all items that affect net income and cash flows from operations. You should not consider Adjusted EBITDA in isolation or as a substitute for analysis of our results as reported under GAAP. Because Adjusted EBITDA may be defined differently by other companies, including those in our industry, our definition of Adjusted EBITDA may not be comparable to similarly titled measures of other companies, thereby diminishing its utility.

Non-GAAP Financial Measures

21

Non-GAAP Reconciliation

Non-GAAP Reconciliation Coverage RatioRolling Non-GAAP Reconciliation Schedule

22

The following table presents a reconciliation of the non-GAAP financial measures of Adjusted EBITDA to GAAP financial measure of net income for the periods presented:

Available LiquidityCapitalization – Ciner Resources

(1) Includes outstanding borrowing of $83.5 mn and $20 mn of revenue bonds.

($ in millions) Facility Size

Available Liquidity

Revolving Credit Facility $10.0 $10.0

Ciner Wyoming Credit Facility 190.0 86.5 (1)

Total $200.0 $96.5

($ in millions) As of March 31, 2016

Cash and Cash Equivalents $22.9

Long Term Debt

Ciner Wyoming Credit Facility $83.5

Revenue Bonds due 2017 8.6

Revenue Bonds due 2018 11.4

Revolving Credit Facility 0.0

Total Long Term Debt $103.5

Total Equity $259.8

Total Capitalization $363.3

23

Capital Structure

Marginal PercentageDistribution per Unit

Range

Interest in Distributions (expressed as % of MQD)

LP Share GP Share From To

Initial Split 98% 2% 0% -- 115%

2nd Split 85% 15% 115% -- 125%

3rd Split 75% 25% 125% -- 150%

4th Split 50% 50% 150% -- above

Subordination % ·49%

Subordination Period ·The subordination period will end on the first business day after the MLP has earned and paid at least the minimum quarterly distribution on an annualized basis on each outstanding common, subordinated and general partner unit, for each of three consecutive, non-overlapping four-quarter periods ending on or after September 30, 2016

Early Termination of Subordination Period

·None

CINR Subordinated LP Units

CINR IDR Structure

24

IDR Structure & Subordination Period